Company Registration No. SC318285 (Scotland)
Highland Research Limited
Unaudited accounts
for the year ended 31 March 2017
Highland Research Limited
Unaudited accounts
Contents
Highland Research Limited
Company Information
for the year ended 31 March 2017
Company Number
SC318285 (Scotland)
Registered Office
2/1, 17 Cardon Square
Renfrew
PA4 8BY
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Highland Research Limited
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
7,067
3,656
Creditors: amounts falling due within one year
(9,539)
(9,149)
Net current assets
16,923
16,257
Called up share capital
100
100
Profit and loss account
16,823
16,157
Shareholders' funds
16,923
16,257
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 December 2017.
S Budd
Director
Company Registration No. SC318285
Highland Research Limited
Notes to the Accounts
for the year ended 31 March 2017
Highland Research Limited is a private company, limited by shares, registered in Scotland, registration number SC318285. The registered office is 2/1, 17 Cardon Square, Renfrew, PA4 8BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20-25% straight line
4
Tangible fixed assets
Fixtures & fittings
Highland Research Limited
Notes to the Accounts
for the year ended 31 March 2017
Other debtors
16,500
21,750
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
3,810
4,162
Loans from directors
4,493
3,743
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
